Mumbai: Maharashtra is progressing fast and would be a trillion-dollar-economy within forthcoming eight years, Chief Minister Devendra Fadnavis has said while pitching for international investment in the state at the World Economic Forum at Davos.
“Our state GDP is currently about US$ 400 billion and we are growing at about 10 per cent. We are expecting to reach a size of US$ 1 trillion in the next 7-8 years,” Fadnavis said in one of his tweets from Davos. On the second day of his three-day tour Fadnavis had a meeting with Mr Kar, Chairman of BAE Systems, the British multinational defence, security, and aerospace company.
“BAE Systems has agrees to promote defence manufacturing in Maharashtra. They also accepted the invitation to be part of ‘Magnetic Maharashtra’ to support defence manufacturing with Indian partners,” an official from chief minister office said. Fadnavis also had a meeting with Coca-Cola President and Chief Executive officer James Quincey.
“Coca-Cola has agreed to work closely with Government of Maharashtra (GoM) on food processing, recycling of plastic and waste management,” the official said. Fadnavis also attended KPMG ‘Breakfast’ Meeting where discussions were held on job creation in the new economy, automation and re-skilling and also on roadmap for trillion dollar economy. Fadnavis, along with actor Shah Rukh Khan also spoke on how and why Maharashtra is the best place to invest and live in India, the official added.